The Mainland and Hong Kong Closer Economic Partnership Arrangement (CEPA) is a free trade agreement signed between Hong Kong and the Mainland China in 2003. Since then, the two sides sign supplements regarding further trade liberalisation measures every year. The latest one, Supplement X to CEPA, was signed on 29 August 2013.
CEPA opens up markets for Hong Kong-made products and Hong Kong-based service companies, enhancing the closer economic integration and co-operation between the Mainland and Hong Kong.
CEPA is non-nationality specific; as long as a company meets the CEPA criteria, the benefits apply. The arrangement covers three broad areas: Trade in Goods, Trade in Services and Trade and Investment Facilitation.